Quote:
Originally Posted by benb
Not sure I can find it right now but I read an article recently that is something to watch for.
Apparently a whole bunch of the Solar companies that lease you panels are in major hot water due to not running their finances intelligently and now they are at risk of folding due to interest rate issues.
It's like they are extremely leveraged on all the panels they put on everyone's houses.. they wrote contracts to the homeowners but on the back end they have loans that increased rates.
If you're financing/buying them yourself this isn't an issue.
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If they go under, what happens to the panels? Are the contracts voided and they’re ripped off the homes? That sounds awful.